Federal National Mortgage Association (FNMA)

OTCMKTS: FNMA · Delayed Price · USD
1.450
+0.020 (1.40%)
Apr 17, 2024, 3:59 PM EDT - Market closed
Market Cap 1.68B
Revenue (ttm) 30.30B
Net Income (ttm) 17.41B
Shares Out 1.16B
EPS (ttm) 0.63
PE Ratio 2.30
Forward PE 0.59
Dividend n/a
Ex-Dividend Date n/a
Volume 3,893,987
Open 1.430
Previous Close 1.430
Day's Range 1.420 - 1.500
52-Week Range 0.420 - 1.990
Beta 1.37
Analysts Buy
Price Target 2.00 (+37.93%)
Earnings Date May 1, 2020

About FNMA

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S. Department o... [Read more]

Sector Financials
Founded 1938
Employees 8,100
Stock Exchange OTCMKTS
Ticker Symbol FNMA
Full Company Profile

Financial Performance

In 2023, FNMA's revenue was $30.30 billion, a decrease of -1.38% compared to the previous year's $30.72 billion. Earnings were $17.41 billion, an increase of 34.71%.

Financial Statements

Analyst Forecast

According to one analyst, the rating for FNMA stock is "Buy" and the 12-month stock price forecast is $2.0.

Price Target
$2.0
(37.93% upside)
Analyst Consensus: Buy

News

Home Prices Moved Up Another 1.7% to Start the Year

Latest FNM-HPI Reading Showed Year-over-Year Increase of 7.4 Percent in Q1 2024 WASHINGTON , April 17, 2024 /PRNewswire/ -- Single-family home prices increased 7.4 percent from Q1 2023 to Q1 2024, up ...

19 hours ago - PRNewsWire

Fannie Mae Announces Sale of Reperforming Loans

WASHINGTON , April 16, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its most recent sale of reperforming loans as part of the company's ongoing effort to reduce the size of its ...

1 day ago - PRNewsWire

Fannie Mae Prices $628 Million Connecticut Avenue Securities (CAS) REMIC Deal

WASHINGTON , April 11, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R03, an approximately $628 million note offering that represents Fannie Mae...

6 days ago - PRNewsWire

Fannie Mae Announces Sale of Non-Performing Loans

NPL 2024-2 Includes the Company's Twenty-Fourth Community Impact Pool Offering WASHINGTON , April 9, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its latest sale of non-performing loa...

8 days ago - PRNewsWire

Households May Finally Be Adjusting to Higher Mortgage Rates

Survey Shows Greater Optimism Toward Homebuying and Home-Selling Conditions, Even as Pessimism Toward Rates Jumps WASHINGTON , April 8, 2024 The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index...

9 days ago - PRNewsWire

Fannie Mae Executes Two Credit Insurance Risk Transfer Transactions on $22.0 Billion of Single-Family Loans

WASHINGTON , April 4, 2024 /PRNewswire/ -- Fannie Mae (FNMA/OTC) announced today that it has executed two new Credit Insurance Risk Transfer™ (CIRT™) transactions. Together, CIRT 2024-L2 and CIRT 2024...

13 days ago - PRNewsWire

Fannie Mae Releases February 2024 Monthly Summary

WASHINGTON, March 27, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  February 2024 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and ye...

21 days ago - PRNewsWire

Fannie Mae Receives 2024 ENERGY STAR Partner of the Year Award for Sustained Excellence

Fannie Mae Recognized for Positive Impact in Green Financing WASHINGTON , March 26, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced it has received the 2024 ENERGY STAR Partner of the Ye...

22 days ago - PRNewsWire

Fannie Mae Announces Winner of Twenty-Third Community Impact Pool of Non-Performing Loans

WASHINGTON , March 26, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-third Community Impact Pool (CIP) of non-performing loans. The transaction is exp...

22 days ago - PRNewsWire

Mortgage rates to stay above 6% through 2025, Fannie Mae says

Fannie Mae now says mortgage rates will stay above 6% through 2025, after predicting last month that the average 30-year fixed mortgage would drop below 6% by the end of this year.

4 weeks ago - Fox Business

Higher Mortgage Rate Forecast Leads to Decline in 2024 Home Sales Expectations

Recent Inflation Data Likely to Keep Mortgage Rates 'Higher for Longer' than Previously Forecast WASHINGTON , March 19, 2024 /PRNewswire/ -- The increase in mortgage rates in February has driven a mod...

4 weeks ago - PRNewsWire

Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale

WASHINGTON, March 12, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-third non-performing loan sale transaction. The deal, announced on February 8, 2024, inclu...

5 weeks ago - PRNewsWire

Fannie Mae Prices $751 Million Connecticut Avenue Securities (CAS) REMIC Deal

WASHINGTON , March 7, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R02, an approximately $751 million note offering that represents Fannie Mae'...

5 weeks ago - PRNewsWire

Home-Selling Sentiment Moves Higher Ahead of Spring Homebuying Season

HPSI Inches Upward Again, Now at Highest Level in Nearly 2 Years WASHINGTON , March 7, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 2.1 points in F...

5 weeks ago - PRNewsWire

Fannie Mae Provides Day 1 Certainty; New Enhancement Further Streamlines Mortgage Origination Process for Lenders and Homebuyers

New Capability Automates One-Step Validation of Borrower Assets, Income, and Employment with a 12-Month Asset Report and Provides Additional Benefits to Support Access to Credit WASHINGTON , March 6, ...

6 weeks ago - PRNewsWire

Cenlar Recognized by Fannie Mae as a STAR Performer in Solutions Delivery

WASHINGTON & EWING, N.J.--(BUSINESS WIRE)--Cenlar FSB was recognized by Fannie Mae as a STAR Performer in the Solutions Delivery category. The award is part of Fannie Mae's Servicer Total Achievement ...

6 weeks ago - Business Wire

Fannie Mae Executes First Credit Insurance Risk Transfer Transaction of 2024 on $9.0 Billion of Single-Family Loans

WASHINGTON , March 1, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its first Credit Insurance Risk Transfer™ (CIRT™) transaction of 2024. CIRT 2024-L1 transferred...

6 weeks ago - PRNewsWire

Fannie Mae Releases January 2024 Monthly Summary

WASHINGTON , Feb. 29, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)  January 2024 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and yea...

6 weeks ago - PRNewsWire

Expert Panel Upgrades Home Price Growth Outlook, Cites Supply Constraints and Lower Mortgage Rates

Panel of 100-Plus Experts Expects Mortgage Rates to End 2024 at Median of 6 Percent WASHINGTON , Feb. 29, 2024 /PRNewswire/ -- A panel of housing experts expects annual national home price growth of 3...

6 weeks ago - PRNewsWire

Newrez Sweeps 2023 STAR Awards from Fannie Mae

FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Newrez LLC (“Newrez”), a leading nationwide mortgage lender and servicer, is proud to announce it has won three prestigious Fannie Mae STAR Awards for 2023 – Gen...

7 weeks ago - Business Wire

Housing Activity Expected to Pick Up in 2024 as Rates Move Lower

Economic Growth Still Predicted to Soften as the Labor Market Shows Signs of Cooling WASHINGTON , Feb. 23, 2024 /PRNewswire/ -- Existing home sales and new single-family housing starts are expected to...

7 weeks ago - PRNewsWire

Fannie Mae Appoints Peter Akwaboah as Chief Operating Officer

Akwaboah Brings Nearly Three Decades of Experience from Across the Financial Services Industry WASHINGTON , Feb. 22, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced Peter Akwaboah has be...

7 weeks ago - PRNewsWire

ServiceMac Recognized by Fannie Mae as a 2023 STAR Performer Award Winner

FORT MILL, S.C.--(BUSINESS WIRE)--ServiceMac, an innovative mortgage subservicer and a member of the First American family of companies, today announced the company has been honored as a Fannie Mae 20...

2 months ago - Business Wire

Fannie Mae Reports Net Income of $17.4 billion for 2023 and $3.9 Billion for Fourth Quarter 2023

WASHINGTON , Feb. 15, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its fourth quarter and full-year 2023 financial results and filed its 2023 Form 10-K with the Securities and Exchange...

2 months ago - PRNewsWire

Fannie Mae Announces the Results of its Thirtieth Reperforming Loan Sale Transaction

WASHINGTON , Feb. 13, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its thirtieth reperforming loan sale transaction. The deal, announced on January 11, 2024, included t...

2 months ago - PRNewsWire